Tax Increment Financing
Councilman Mark Squilla, whose district includes the Gallery shopping mall, says final passage of the Gallery renovation measures was a long time coming.
Developer Brooke Lenfest (center of photo) wants to build two hotels — a “W” and an “Element” — on what is now a parking lot at 15th and Chestnut Streets.
It was hotel versus hotel as City Council members today gave initial approval to a tax break for a developer who wants to build two new hotels in Center City. Existing hoteliers cried foul.